Monte Carlo Simulation for a 3-way financial Excel model.
  • Monte Carlo Simulation for a 3-way financial Excel model.
  • Monte Carlo Simulation for a 3-way financial Excel model.
  • Monte Carlo Simulation for a 3-way financial Excel model.
  • Monte Carlo Simulation for a 3-way financial Excel model.
  • Monte Carlo Simulation for a 3-way financial Excel model.
  • Monte Carlo Simulation for a 3-way financial Excel model.

Monte Carlo Simulation for a 3-way financial Excel model.

A full Monte Carlo Excel Simulation Financial Model with dashboards.

Original Tool:  Demo Financial Model (Xero integrated)  by Lance Rubin

cashflow modelingdynamic decision makingfinancial modelingfinancial modellingmodanomodel citiznmonte carlosimulation and scenarios

This is a fully integrated 3-way model to the cloud accounting package called Xero. The model has a simulation dashboard which allows users to set a range between which key assumptions can change or are likely to be.

There is a dropdown box to allow you to chose the particular scenario.

If there is a need to narrow the range simply insert changes to the assumption blocks within the range.

The model has been built on the Modano platform.

See a link to the Future of Financial Modeling and the specific video on this model.

A Monte Carlo Simulation, also known as a probability simulation, is a type of process that is used for comprehending and analysing the risk and variables in a variety of things, including financials, project management and costs. It betters aids decision making, determining the possible results of certain decisions and the probability of returning these results.

This model contains a range of tabs, such as:

- Simulation dashboard
- Financial Statements Summary
- Top Revenue Summary
- Top Expenses Summary
- Top Capital Expenditure Summary
- Cashcade
- Ratios Summary
- Budget Income Summary
- Annual Income Summary

To find more tools and models from me, please refer to my channel page.

If you have any questions, do not hesitate to start a discussion below.

This business tool includes
1. Excel financial model built on Modano, 1 Explanatory Video

Acquire business license for $35.00

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Further information

To educate and create awareness of the power of both Modano and Excel to build completely customised simulation scenarios for a range of assumptions.

Predicting cashflow shortages and surpluses for a business.

Understanding valuation and what some of the key factors that can impact it.

Providing advice to a business on potential outcomes and for key decision making

For purposes other than those stated or described in the model.


  • Abdul Ghafur BE, MCIOB, AClArb, CQS,610(last updated: 01/11/2018 08:10)
  • Tom Samuel MBA, SA Fin.(last updated: 27/06/2018 04:20)
    Samuel & Sonz
    Great and comprehensive Model that integrates with Monte carlo simulation for forecasting
  • Mark Welton(last updated: 20/03/2018 11:48)
    Great Monte Carlo Model from Lance Rubin!
    I needed a Monte Carlo simulation to present to a client and didn’t have the time to build my own, I have been meaning to build one with Modano for months! It’s a pleasure to be able to get a cost effective and professional model in a hurry! Thanks again.


More tools from Lance Rubin


Discussion feed for Monte Carlo Simulation For A 3-way Financial Excel Model.

The user community and author are here to help. Go ahead!

  • Jason Burdett MBA MAICD
    Great demonstration of the power of Modano once again Lance, two things a number of the variables used in the Monte Carlo simulation are somewhat correlated ? Does the model allow for this, if not then the model is somewhat compromised with "double-dipping" using the sim. My other question is what distribution is used for the input variables? some of these would suit a Triangular distribution I would have thought ? Thanks again for your contributions and Cheers
    2arrow_drop_uparrow_drop_downReply reply
    • Lance Rubin
      Hi Jason, thanks for the 2 great questions. Glad you liked it. You are spot on.

      1) There are variables that are correlated but I chose to keep this simple purely for demonstration purposes. It is of course possible to create customised logic within Modano to enable this to occur if one chooses.

      2) As the video states there is no probability distribution or weighting attached to the variables and yes ordinarily one would, but again this wouldn't be difficult to add, I was merely trying to demonstrate that it is possible to run a simulation within Modano, similar to just normal Excel.

      All the best
      1arrow_drop_uparrow_drop_downReply reply
    • Ahmed Saad
      I bought it the model but I need a tutorial video
      arrow_drop_uparrow_drop_downReply reply
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